metropolis – Page 4 – LA Loft Blog

Adding much-needed inventory of homes for sale to Downtown’s booming real estate market, new construction is preferred by more than 50% of home buyers, who find that the sparkling units offer a great value on new architectural style with the latest amenities. #newhomes #dtla

Metropolis – The first phase of the super luxury high-rise condo building is sold out and construction nearly completed. The 2nd phase is selling briskly. The sales office models are available, and the in-building models should be available soon. Metropolis is changing the skyline of Downtown Los Angeles, and provides awesome views. The first phase is nearly complete and sold out. The 2nd phase units are now selling. Call to request an early viewing of the in-building models. DETAILS

Ten50 – Construction is more than half complete, at the new boutique luxury condo building in South Park Downtown, and models are now available for viewing. The in-building models are now available for viewing. In the prime location for new condominiums in DTLA, Ten50 offers modern stylish new units with balconies, views and superb amenities. It even has an drone delivery heliport. DETAILS

Oceanwide Plaza – The mixed use condo building, hotel, shopping and entertainment center concrete pouring is complete and building construction has begun. This massive building will serve to expand and house the huge crowds drawn to the neighboring LA LIVE, Staples Center and Convention Center. DETAILS

River House – 2-story condos on the Los Angeles River are now selling, with the water-facing units going fast. River House is attractive to pioneering Angelinos who want to be the first to live on the revitalizing LA River, and who would like to witness first hand its turn-around with the natural renovation of the river. DETAILS

>> MORE

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Surging real estate development is transforming the city’s center.

Variety reports that Downtown Los Angeles is getting a makeover to the tune of $16.5 billion in new development. Improvements include the addition of a large number of mixed-used projects that combine street retail with highrise living. This includes a new Whole Foods supermarket that recently opened, many small, independent restaurants, three new breweries, several art galleries, boutiques and a revitalized Grand Central Market in the Historic Core.

Apartment construction is roaring ahead at a fast and furious pace as more than 10,000 units are under development to fill the huge demand. New construction includes Greenland USA’s three mega-towers at Metropolis on the border of South Park and the Financial District, a $1 billion investment. On Downtown’s northern edge, the Arts District offers incredibly hip lifestyle options from the world’s longest apartment building, the modernist One Santa Fe to the Garey Building’s more traditional 320 brick-clad apartments nearing completion.

Most of the development is residential, and most of that is rental and hotel.

The L.A. Loft Blog recently reported MLS data showing Downtown price increases of 8% in 2015. Variety reports an even higher Downtown condo prices increase of 15% in 2015. Property values have risen overall by more than 150% over the last 17 years, per statistics from the downtown Business Improvement District. For coming years, the new addition of buildings under construction will bring increased selection for prospective buyers as projects like Metropolis and Trumark Urban’s TEN50 spring up.

Greenland USA’s Metropolis plans to open later this year: the 6.3-acre, 1,500-unit project north of L.A. Live will start with a 38-story residential tower and a 350-room hotel called Indigo. Metropolis will then add a 40-story tower and a 56-story tower.

Trumark Urban is quickly building TEN50, a 150-unit modern condominium at 10th and Grand. The sales office is now taking appointments. Residences in the 25-story tower start at 600 square feet, and range up to 4,000 square feet Amenities will include a yoga garden, private screening room — and even a shopping delivery drone landing pad!

LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

Tag: metropolis

Downtown LA New Homes Update – Construction of Metropolis, Ten50 and Oceanwide Plaza

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